Denny’s to be acquired and taken private in a deal

(CNN)– Denny’s is making a major change that it hopes will go sunny side up.

The 72-year-old diner chain’s board approved a deal for a sale to “TriArtisan Capital Advisors”.

That group of investors plans to take Denny’s private.

If shareholders approve that decision, Denny’s will then be taken off the NASDAQ where it had been for nearly 60 years.

Shares rocketed upward 50% in today’s pre-market trading following the announcement.

Denny’s has struggled since the pandemic, and lost 180 of its locations over the past two years.